At the outset of the 21st century, most global trade took the form of:
a. services, rather than goods
b. goods, rather than services
c. equal trade in goods and services
d. trade surpluses in thee service sector
b. goods, rather than services
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Which of the following macroeconomic variables is acyclical?
A) Real interest rates B) Unemployment C) Money supply D) Consumption
The above figure shows the short-run production function for Albert's Pretzels. The marginal productivity of labor for the third worker is
A) 6. B) 8. C) 24. D) not known from the information provided.
In the long run inflation is explained by __________. For countries that had hyperinflation this source of inflation arose primarily because the government __________
Fill in the blank(s) with correct word
A country recently had a trade deficit of 350 billion euros. Its residents also purchased 400 billion euros of foreign assets. What was the value of this country's assets purchased by foreigners?